Compliance and implementation of KYC policy

Customers

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

Challenges

• A lot of time and resources are spent manually checking customers, employees, and partners.
• There is no high-quality monitoring system that is constantly updated and promptly provides new information.
• Uncontrolled checks from different divisions of the bank in the paid resource, leading to spontaneous costs for such operations.
• Reputational risks associated with cooperation with fraudsters, due to not receiving updated information on counterparties.
• The bank's financial losses — bad loans — because the bank did not detect fraudsters at the verification stage.
• Lack of prompt response to negative changes in the customer's history.

Sanctions regulations

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

For more than 13 years our team has been helping businesses excel. Time and again our experience and expertise have resulted in success for our clients.

We would like to demonstrate to you how we have accomplished these transformations. Our secret is our team, highly professional, reliable, and always at the cutting edge. Let us show you how we can bring our skills to benefit you and your business.

Achieving Lasting and Measurable Impact through IT Solutions

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors. Get in touch

Challenges

1. A lot of time and resources are spent manually checking customers, employees, and partners.
2. There is no high-quality monitoring system that is constantly updated and promptly provides new information.
3. Uncontrolled checks from different divisions of the bank in the paid resource, leading to spontaneous costs for such operations.
4. Reputational risks associated with cooperation with fraudsters, due to not receiving updated information on counterparties.
5. The bank's financial losses — bad loans — because the bank did not detect fraudsters at the verification stage.
6. Lack of prompt response to negative changes in the customer's history.

Customers

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

	Years of experience	Years of experience	Certificates
We	13+	70	80+
They	11.5	54

Sanctions regulations

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

For more than 13 years our team has been helping businesses excel. Time and again our experience and expertise have resulted in success for our clients.

We would like to demonstrate to you how we have accomplished these transformations. Our secret is our team, highly professional, reliable, and always at the cutting edge. Let us show you how we can bring our skills to benefit you and your business.